Man Group plc Takes Position in Textron Inc. $TXT

Man Group plc purchased a new stake in shares of Textron Inc. (NYSE:TXT) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 358,314 shares of the aerospace company’s stock, valued at approximately $32,868,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Roberts Glore & Co. Inc. IL bought a new stake in Textron in the 2nd quarter worth about $228,000. Polar Asset Management Partners Inc. bought a new position in shares of Textron during the 2nd quarter worth approximately $432,000. Jupiter Topco LLC bought a new position in shares of Textron during the 2nd quarter worth approximately $1,194,000. Hsbc Holdings PLC purchased a new position in shares of Textron in the 2nd quarter worth approximately $57,515,000. Finally, Ancora Advisors LLC bought a new position in shares of Textron in the second quarter valued at approximately $317,000. 86.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Morgan Stanley set a $98.00 price target on Textron in a research report on Wednesday, July 29th. TD Cowen cut their price objective on Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Textron in a research report on Sunday, May 3rd. JPMorgan Chase & Co. lifted their target price on Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Finally, Weiss Ratings raised shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Textron presently has an average rating of “Moderate Buy” and a consensus target price of $102.44.

Textron Trading Up 1.8%

NYSE:TXT opened at $83.26 on Thursday. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $14.32 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 1.19 and a beta of 0.91. The firm’s 50 day moving average is $89.00 and its 200 day moving average is $91.26. Textron Inc. has a 12 month low of $78.12 and a 12 month high of $101.57.

Textron (NYSE:TXT) last posted its quarterly earnings data on Tuesday, July 28th. The aerospace company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.55 by $0.07. Textron had a return on equity of 14.30% and a net margin of 6.12%.The business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter in the prior year, the business earned $1.55 earnings per share. Textron’s revenue for the quarter was up 3.0% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Sell-side analysts expect that Textron Inc. will post 6.5 earnings per share for the current year.

Textron Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be paid a dividend of $0.02 per share. The ex-dividend date is Friday, September 11th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Textron’s dividend payout ratio is presently 1.51%.

Textron Profile

Textron Inc is a global, multi-industry manufacturing company headquartered in Providence, Rhode Island. The company designs, manufactures and services a diverse range of products for the aerospace, defense and industrial markets. Textron operates through four primary business segments—Textron Aviation, Bell, Textron Systems and Industrial—each of which serves customers around the world.

Textron Aviation is known for its Cessna and Beechcraft branded business jets and turboprop aircraft, offering models that range from light jets and turboprops to larger cabin aircraft designed for corporate and charter use.